Household Savings at 16-Year Low Threaten India’s Growth
- Share of net financial assets to GDP lowest in 16 years
- Indebtedness rising too, likely pointing to rising inequality
This article is for subscribers only.
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.
Rising debt payments are eroding the spending power of Indian households and threatening to choke off the funds that fuel the fastest-growing major economy.